One in every eleven persons born in Mexico has gone to the U.S. The National Review reported that in 2014 $1.87 billion was spent on incarcerating illegal immigrant criminals….Now add hundreds of billions for welfare and remittances! MICHAEL BARGO, Jr…… for the AMERICAN THINKER.COM

Friday, May 29, 2015

To commemorate the 10th anniversary of the
2004 Indian Ocean tsunami, Petra Nemcova, a Czech model who survived the
disaster by clinging to a palm tree, decided to pull out all the stops for the
annual fund-raiser of her school-building charity, the Happy Hearts
Fund.

She booked Cipriani 42nd Street, which
greeted guests with Bellini cocktails on silver trays. She flew in Sheryl Crow
with her band and crew for a 20-minute set. She special-ordered heart-shaped
floral centerpieces, heart-shaped chocolate parfaits, heart-shaped tiramisù
and, because orange is the charity’s color, an orange carpet rather than a red
one. She imported a Swiss auctioneer and handed out orange rulers to serve as
auction paddles, playfully threatening to use hers to spank the highest bidder
for an Ibiza vacation.

The former president of the United States
agreed to accept a lifetime achievement award at the June 2014 event after Ms.
Nemcova offered a $500,000 contribution to the Bill, Hillary and Chelsea
Clinton Foundation. The donation, made late last year after the foundation sent
the charity an invoice, amounted to almost a quarter of the evening’s net
proceeds — enough to build 10 preschools in Indonesia.

THE CLINTON
FOUNDATION HANDS OUT $9 MILLION TO CHARITIES…. only about 6 cents out of every
dollar they hustle….. AND BUY CHELSEA A $11 MILLION NYC APARTMENT.

“This
decision wasn’t made because of the Clinton Foundation’s remarkably lucrative
sideline as a uranium superstore for Russian strongmen, but because its
finances are opaque and dishonest, and because such a tiny amount of the money
it rakes in actually goes to charitable endeavors. “The Clinton family’s
mega-charity took in more than $140 million in grants and pledges in 2013 but
spent just $9 million on direct aid,” notes the New York Post. “The
group spent the bulk of its windfall on administration, travel, and salaries
and bonuses, WITH THE FATTEST PAYOUTS GOING TO FAMILY FRIENDS.”

Another
possible explanation is that the Clintons don't believe voters will really care
that much. The renting of the Lincoln Bedroom to people who gave $5.4 million to the DemocraticNational Committee in 1995 and 1996 did no
lasting damage to Bill's approval ratings. Neither did the 1996 fundraising
scandal involving illegal foreign donations, which the Los Angeles Times
reported on just before the president easily won a second term.

AMERICA: NO LEGAL NEED APPLY…. but we still
get the tax bills for Mexico’s welfare state in our open borders!

SEN. RICK SANTORUM:

“Part of the problem, Santorum
said, has been the arrival of millions of unskilled immigrants — legal and
illegal — in the United States. "American workers deserve a shot at [good]
jobs," Santorum said. "Over the last 20 years, we have brought into
this country, legally and illegally, 35 million mostly unskilled workers. And
the result, over that same period of time, workers' wages and family incomes
have flatlined." SEN. RICK SANTORUM

"Remember 187 -- the Proposition to deny taxpayer funds for
services to non-citizens --- was the last gasp of white America in
California." --- Art Torres, Chairman of the California Democratic
Party… NOW THE PARTY for LA RAZA SUPREMACY

"Remember 187 -- the Proposition to deny taxpayer funds for
services to non-citizens --- was the last gasp of white America in
California." --- Art Torres, Chairman of the California Democratic
Party… NOW THE PARTY for LA RAZA SUPREMACY

The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.

BANKSTERS and the ongoing looting of the
American people…..

“I’m
not here to punish banks!” Barack Obama – State of the Union Message

Not a single major bank has been
closed down or broken up since the 2008 crash, triggered by reckless and
illegal speculative activities. Not a single bank CEO or top official has been
prosecuted or jailed for crimes that have led to the impoverishment of
countless millions of people.

Wednesday’s
settlement is further evidence of the reassertion of the aristocratic principle
in contemporary capitalist society: there is one set of laws for the vast
majority, the working people, and an entirely different legal framework for the
financial oligarchs—one that can be summed up with the phrase “Anything goes.”

“Nearly five years after the greatest financial crash since
the Great Depression, triggered by rampant illegality and fraud on the part of
the major banks, not a single major institution or leading bank executive has
been indicted, let alone tried, convicted and jailed.”

“As a result of the
soaring stock market, the 400 richest individuals in the United States, whose
wealth has doubled since 2009—the era of Obama. They now have a combined net
worth of $2.29 trillion, larger than the annual output of the 130 poorest
countries in the world.”

Hillary has declared bankster
looting will see even greater rewards from her administration!

“In reality, the settlement falls far short of holding
JPMorgan accountable for its fraudulent sale of mortgage-backed assets, which
netted the bank tens of billions of dollars in profits while exacerbating the
sub-prime mortgage crash that led to over ten million foreclosures in the US
and a global economic downturn that thrust many millions more into unemployment
and poverty.”

Americans would "be shocked to know that most
of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin,
D-Ill., said during a recent hearing.

POVERTY SOARS UNDER OBAMA

SEN. JEFF SESSIONS (R)

“No party can
win without working and middle class voters. The path forward for the GOP
is to become the party of the American worker. The party of higher
wages. The party of full employment.

The Democratic Party has already cast its lot: its
members have endlessly enabled the President’s anti-worker policies, including
his wage-cutting agenda of uncontrolled immigration and the bleeding of
American manufacturing wealth overseas.”

"Notwithstanding these powerful trends, the stock
markets continue to power on, providing a graphic demonstration of the degree
to which the accumulation of wealth by global financial elites has become
divorced from the actual process of production."

STAGGERING EXPLOSION OF POVERTY IN AMERICA …
as Obama eases millions of illegals into our jobs and hands them billions in
welfare!

This report is another example of the obscene concentration of
wealth in America that has raised inequality to a level not seen in more than a
century. Wages for workers in the United States are at their lowest level since
the 1950s.

The profits of the biggest US banks continued to swell in the second quarter
of this year, even as the impact of five years of mass unemployment, stagnant
economic growth and brutal cuts in social spending produced a further rise in
poverty, homelessness and hunger.

RICH
GET RICHER: Forbes on Monday released its annual list of the top 400 richest
Americans. Most of the top rankings didn’t change, but the fortunes of the majority
of the elite club’s members grew, helped by strong stock and real estate
markets.

HIGHEST
TOTAL EVER: The people on the annual list posted a combined net worth of $2
trillion, up from $1.7 trillion a year ago. That marks their highest combined
value ever.

STILL
No. 1: Microsoft Corp. co-founder Bill Gates remains America’s richest man,
taking the top spot on the list for the 20th straight year with a net worth of
$72 billion, up from $66 billion a year ago.

THE
MAN THAT CALLED HIS HOAX “CHANGE”

'Incompetent' and 'liar' among most frequently used words to
describe the president: Pew Research Center

The larger fear is that
Obama might be just another corporatist, punking voters much as the Republicans
do when they claim to be all for the common guy.

OBAMA'S
AMERICA: THE RICH LOOT, THE REST GET THE TAX BILLS FOR THEIR CRIMES AND
BAILOUTS!

The
stock market is booming, the Forbes
400 are richer than ever, yet the conditions for youth and workers are
disastrous. War continues without end, and Obama has gone far beyond Bush in
rendering the Bill of Rights a dead letter.

The fraud of Obama’s “Student Aid Bill of Rights”

By Nancy Hanover
23 March 2015

Last week President Obama announced a series of
executive actions that he dubbed a “Student Aid Bill of Rights.”

The initiative is partially an exercise in damage control.
It follows a series of lawsuits and scandals involving the Department of
Education (DOE). The government agency has become the target of growing anger
for protection of predatory student loan collection agencies, its bailout of
the for-profit career college chain Corinthian
and its overall profit-taking from student loans.

The
43 million Americans who owe some $1.3 trillion in student loan debt were
offered zero forgiveness. In fact, Obama does not propose even one measure to
actually lessen the ever-escalating cost of college or encroach on the
lucrative business of student loan debt. All the “rights” remain in the hands
of the government, the banks and hedge funds.

Far
from a “Bill of Rights” Obama continues to deliver a fraudulent bill of goods.
At every point, his administration has protected the financial industry in
looting an entire generation of students, preventing millions of young people
from either attaining the education they desire or making them pay through the
nose for the rest of their lives.

One
in fourworkers earn poverty wages

OBAMAnomics:

"The politicians don’t
care about the working and young people. We have billions in student loan
debts, but they don’t help us, but they give billions to the wealthy."

By Douglas Lyons
2 September 2013

One
in four n workers, and two out of three workers under 24, are paid poverty
wages according to a recent report released by the Keystone Research Center.

In
all, the research team behind the Forbes Billionaires list found a total of
1,645 billionaires worldwide as of February 12, with a combined net worth of
$6.4 trillion, an increase of $1 trillion from 2013. The number of new
billionaires, at 268, was the highest figure in the report’s history.

Wall Street buybacks: Another expression of parasitism

29 May 2015

In the biological world, a parasite lives at the expense of the host, sucking out its nutrients and life forces, and sometimes killing it. Analogies of course have their limits, but nonetheless they can be suggestive. And this is certainly so in the case of the rampant financial parasitism that has become the dominant feature of the American economy and, by extension, the world economy as a whole.
An article published in the Wall Street Journal this week details some of the impact of hedge funds on the operations of major US corporations, and the way in which their insatiable drive for profit through financial manipulations is sucking the lifeblood out of the economy and contributing to its deepening breakdown.

The article is based on a study conducted for the newspaper by S&P Capital IQ. It found that companies in the S&P 500 index had “sharply increased their spending on dividends and [share] buybacks to a median 36 percent of operating cash flow in 2013, from 18 percent in 2003.” The doubling of this rate was accompanied by a fall in spending by those companies on plant and equipment, from 33 percent to 29 percent over the same period.

The study found that in companies targeted by so-called “activist investors”—that is, hedge funds that hold hundreds of millions and sometimes billions of dollars on behalf of their wealthy investors—the figures were even higher. Targeted companies reduced capital spending from 42 per cent to 29 percent of operating cash flow and increased spending on dividends and share buybacks to 37 percent of operating cash flow from 22 percent.

One of the main factors facilitating these operations has been the provision of ultra-cheap money by the US Federal Reserve, which has kept official interest rates at almost zero, leading to historically low interest rates in financial markets. Hedge funds are able to use borrowed money to acquire major share holdings in corporations and then push for share buybacks and the payment of increased dividends. The buybacks, in turn, can be financed through borrowed funds at low interest rates.
The aim is to produce a rise in the share price of the company or generate an increased dividend flow returning large profits for the “activists,” often accompanied by job cuts or the outright closure of parts of the targeted company deemed not to be making a sufficient contribution to “shareholders’ funds.” At the end of the process, vast profits have been pocketed, without a single atom of new wealth being created, while productive capacity has been curtailed.

The consequences of these vampire-like operations are most prominent in major industries. The US energy giants, which have splurged billions on buybacks, dividends and mergers, have refused for decades to invest in infrastructure, leading to a situation where workers are subjected to 16-hour days and increasingly unsafe working conditions. Likewise, the auto industry firms and telecoms are notorious for their resistance to wage increases, while engaging in the same financial manipulation.
The deeper the economic crisis, the more frenzied the speculation. The article noted that since 2010 the number of activist campaigns directed at securing buybacks and increased dividends had risen by 60 percent. Last year there were 348 such campaigns, the most since 2008, and a further 108 in the first quarter of this year. Hedge funds now control $130 billion in assets, more than double the amount they held in 2011. This means that once they leverage these funds through borrowing at ultra-low rates, they can target virtually any corporation.

Would-be reformers of the capitalist economy will no doubt argue that these dangers can be overcome through the development of mechanisms or increased regulations to promote the “good” side of corporate activity—research and development and real investment—while taking action to control the “bad” side—parasitism. But the question remains: Why has it emerged now?

Underlying tendencies at the very center of the capitalist economy are at work. The long-term downward pressure on the rate of profit, which has led to the continuous restructuring of the American and global capitalist economy over the past four decades, is the driving force behind the rise of speculation and parasitism.

Well-known voracious hedge-fund investor Carl Icahn, cited in the Wall Street Journal article, pointed to these trends saying the economy was “being dragged down by too many mediocre CEOs, and it’s dangerous if profitability is going down despite interest rates being at zero.”

However, his resort to a “bad man” theory of economics does not pass even a preliminary examination. The same tendencies are also clearly visible in Europe and throughout the world’s major capitalist economies where, despite ultra-low interest rates, investment remains at historically depressed levels, reflecting a lack of profitable outlets.

Furthermore, any attempt to separate out the “good” and the “bad’ sides of corporations runs up against the fact, as Marx explained at the time of the emergence of joint stock companies in the middle of the 19th century, that the origin of parasitism is lodged in their very structure. The formation of such companies, he wrote, “reproduces a new financial aristocracy, a new kind of parasite in the guise of company promoters, speculators and merely nominal directors: an entire system of swindling and cheating with respect to the promotion of companies, issuing of shares and share dealing.”

For a whole period of capitalist development, notwithstanding swindling and cheating, the corporation or joint-stock company facilitated the development of the productive forces through the aggregation of capital to finance large-scale developments, which sustained the living standards of the mass of the population. Those days have long gone.

The elevation of parasitism to the basic mechanism of profit accumulation is bound up with the objective crisis of capitalism and, connected to this, the absolute stranglehold of the financial aristocracy over every aspect of economic and political life. Swindling, cheating and the destruction of the productive forces—above all through the impoverishment of the most important productive force of all, the working class—is a symptom of the rot and decay of the entire socioeconomic order.

It establishes the unanswerable case for the taking into public ownership of the major corporations, the banks and the entire finance industry as part of the socialist restructuring of economic life. This is the perquisite for establishing a society where the productive forces, created by the labor of the working class, can be used for social advancement.

In 2010, the average unlawful immigrant household received
around $24,721 in government benefits and services while paying some $10,334 in
taxes. This generated an average annual fiscal deficit (benefits received minus
taxes paid) of around $14,387 per household. This cost had to be borne by U.S.
taxpayers. Amnesty would provide unlawful households with access to over 80
means-tested welfare programs, Obamacare, Social Security, and Medicare. The
fiscal deficit for each household would soar.

Other households
are net tax consumers: The benefits they receive exceed the taxes they
pay. These households generate a “fiscal deficit” that must be financed by
taxes from other households or by government borrowing. For example, in 2010,
in the U.S. population as a whole, households headed by persons without a high
school degree, on average, received $46,582 in government benefits while paying
only $11,469 in taxes. This generated an average fiscal deficit (benefits
received minus taxes paid) of $35,113.

The high deficits
of poorly educated households are important in the amnesty debate because the
typical unlawful immigrant has only a 10th-grade education. Half of unlawful
immigrant households are headed by an individual with less than a high school
degree, and another 25 percent of household heads have only a high school
degree.

The Fiscal Cost of Unlawful Immigrants and Amnesty to the U.S. Taxpayer

Executive Summary

Unlawful immigration and amnesty for current unlawful immigrants can pose
large fiscal costs for U.S. taxpayers. Government provides four types of
benefits and services that are relevant to this issue:

Direct benefits. These include
Social Security, Medicare, unemployment insurance, and workers’
compensation.

Means-tested welfare benefits. There
are over 80 of these programs which, at a cost of nearly $900 billion per
year, provide cash, food, housing, medical, and other services to roughly
100 million low-income Americans. Major programs include Medicaid, food
stamps, the refundable Earned Income Tax Credit, public housing,
Supplemental Security Income, and Temporary Assistance for Needy Families.

Public education. At
a cost of $12,300 per pupil per year, these services are largely free or
heavily subsidized for low-income parents.

Population-based services. Police,
fire, highways, parks, and similar services, as the National Academy of
Sciences determined in its study of the fiscal costs of immigration,
generally have to expand as new immigrants enter a community; someone has
to bear the cost of that expansion.

AMERICA: NO LEGAL NEED APPLY…. but we still
get the tax bills for Mexico’s welfare state in our open borders!

“Part of the problem, Santorum
said, has been the arrival of millions of unskilled immigrants — legal and
illegal — in the United States. "American workers deserve a shot at [good]
jobs," Santorum said. "Over the last 20 years, we have brought into
this country, legally and illegally, 35 million mostly unskilled workers. And
the result, over that same period of time, workers' wages and family incomes
have flatlined." SEN. RICK SANTORUM